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Report No. : |
338679 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SUPERFINE STEEL AÇOS INOXIDÁVEIS LTDA |
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Registered Office : |
Rua Roberto Aves De Almeida,227 Sala 01 - Distrito Industrial I 13456-136 - Santa Barbara D´OESTE/SP |
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Country : |
Brazil |
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Date of Incorporation : |
01.06.1995 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is manufacture of wires and other steel products. |
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No. of Employee : |
120 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural,
mining, manufacturing, and service sectors, and a rapidly expanding middle class,
Brazil's economy outweighs that of all other South American countries, and
Brazil is expanding its presence in world markets. Since 2003, Brazil has
steadily improved its macroeconomic stability, building up foreign reserves,
and reducing its debt profile by shifting its debt burden toward real
denominated and domestically held instruments. Since 2008, Brazil became a net
external creditor and all three of the major ratings agencies awarded
investment grade status to its debt. After strong growth in 2007 and 2008, the
onset of the global financial crisis hit Brazil in 2008. Brazil experienced two
quarters of recession, as global demand for Brazil's commodity-based exports
dwindled and external credit dried up. However, Brazil was one of the first emerging
markets to begin a recovery. In 2010, consumer and investor confidence revived
and GDP growth reached 7.5%, the highest growth rate in the past 25 years.
After reaching historic lows of 4.5% in early 2014, the unemployment rate
remains low, but is rising. Brazil's traditionally high level of income
inequality has declined for each of the last 15 years. GDP growth has slowed
since 2011, due to several factors, including: overdependence on exports of raw
commodities, low productivity, high operational costs, persistently high
inflation, and low levels of investment. Brazil’s fiscal and current account
balances have eroded during the past four years as the government attempted to
boost economic growth through targeted tax cuts for industry and incentives to
spur household consumption. After winning re-election in October 2014 by a
historically narrow margin, President Dilma ROUSSEFF appointed a new economic
team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity
package intended to restore the primary account surplus to 1.2% of GDP and
preserve the country’s investment-grade sovereign credit rating. Brazil seeks
to strengthen its workforce and its economy over the long run by imposing local
content and technology transfer requirements on foreign businesses, by
investing in education through social programs such as Bolsa Familia and the
Brazil Science Mobility Program, and by investing in research in the areas of
space, nanotechnology, healthcare, and energy.
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Source
: CIA |
SUPERFINE STEEL
AÇOS INOXIDÁVEIS LTDA
ADDRESSES
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MAIN ADDRESS: |
RUA ROBERTO AVES DE ALMEIDA,227 SALA 01 - DISTRITO INDUSTRIAL I |
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ZIP CODE/CITY: |
13456-136 - SANTA BARBARA D´OESTE/SP |
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PHONE: |
19 3455-0113 |
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FAX: |
19 3455-0113 |
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E-MAIL: |
gerenciaadm@superfine.com.br |
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WEB SITE: |
www.superfine.com.br |
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BRANCHES: |
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ADDRESS: |
RUA RICARDO FRACASSI,320 / 330 - DISTRITO INDUSTRIAL I |
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ZIP CODE/CITY: |
13457-209 SANTA BÁRBARA D´OESTE/SP |
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CNPJ: |
00.749.526/0004-11 |
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ADDRESS: |
RUA ROBERTO AVES DE ALMEIDA,277 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
13456-136 SANTA BARBARA D´OESTE/SP |
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CNPJ: |
00.749.526/0003-30 |
LEGAL
DATA
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MAIN ACTIVITIES: |
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MANUFACTURE OF WIRES AND OTHER STEEL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
01/06/1995 |
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REGISTER DATE: |
07/08/1995 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
00.749.526/0001-79 |
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STATE REGISTER: |
148.278.533.118 |
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SHARE CAPITAL: |
R$ 150.000,00 |
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LAST REGISTER OF CAPITAL: |
29/10/2003 |
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BOARD OF
DIRECTORS: |
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JOÃO PASSARELA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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JOÃO PASSARELA |
R$ 148.500,00 |
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PEDRO HENRIQUE PASSARELLA |
R$ 1.500,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED
HOLDINGS: |
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LABOR IDEAL SERVIÇOS ADMINISTRATIVOS LTDA |
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SUPERFINE STEEL DISTRIBUIDORA DE PRODUTOS |
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J.P. &A - PARTICIPAÇÕES E ADMINISTRAÇÃO |
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CROSSFIT MOOCA LTDA ME |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JUNE 01, 1995 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. TRADE NAME: SUPERFINE STEEL BUSINESS ADDRESS HAS CHANGED FROM (RUA ANTONIO JOÃO ABDALLA, 351,
SANTA BARBARA D OESTE/SP) TO THE PRESENT REGISTERED ONE. PARTNERS: JOÃO PASSARELA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 851.962.078-72, RG
95196729 - SP, RESIDENTIAL ADDRESS AT RUA VICENTE ROMANO 150, APTO 261, SÃO
PAULO/SP. PEDRO HENRIQUE PASSARELLA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
332.826.598-81, RG 333627507 - SP, RESIDENTIAL ADDRESS AT RUA VICENTE ROMANO
150, APTO 261, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ROSEMEIRE - FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
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PUBLIC INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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13 |
STATE LAWSUITS |
12/12/14 |
VARA DE SP-SANTA BÁRBARA D´OESTE |
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4 |
FEDERAL LAWSUITS |
20/11/12 |
VARA DE SP-SANTA BÁRBARA D´OESTE |
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(RESEARCH DATE: 12/06/2015) |
FINANCIAL
INFORMATION
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE
SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED
TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 3,11 |
- OFFICIAL RATE ON 12/06/2015 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
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NOT AVAILABLE. |
BANKING
REFERENCES
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NOT AVAILABLE. |
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REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION
OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE
ARE UNABLE TO PROVIDE ANY BANKING DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY
HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED JUNE 12, 2015. |
ACTIVITIES
COMMENTS
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MANUFACTURE OF WIRES AND OTHER STEEL PRODUCTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 120 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 1995. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
USUALLY THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT IN THE
SUBJECT SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE SEVERAL
SUITS REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE AVAILABLE
FOR PUBLIC INSPECTION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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6 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 286.910,00 |
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AMOUNT OF INVOICES PAID: 30 |
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TOTAL OF PROMPT PAYMENTS: 96,1% |
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TOTAL OF DELAYED PAYMENTS: 3,9% |
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HIGHEST INVOICE: R$ 29.377,00 |
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HIGHEST CREDIT: R$ 52.177,00 |
FINAL
OPINION
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BASED ON THE
OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS
COMMITMENTS. CREDIT FACILITIES, HOWEVER, SHOULD BE GRANTED ON FULLY SECURED
TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.23 |
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UK Pound |
1 |
Rs.101.22 |
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Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.